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You are indeed invested in an annuity, hence the life insurance component. If you are truly interested in moving your money to another plan, be sure to ask the rep who sold you the plan what the surrender charge is. Annuities typically sock you with a fee if you move your money within 5-7 years of signing the annuity contract. In my case, the surrender charge is in effect for 15 years. One more reason to stay away from these beasties.

See TMF Pixy's post #11725 on this board for more info.

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